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Ebitda during the same period dipped, though, from Rs crore to Rs crore, respectively. And for the six-months-ended FY22, the corresponding numbers are Rs 2, crore and Rs crore. And his global report card is nothing less than astonishing.
In , he joined Delphi. Till then, the US company had been making losses for 23 years. Three years later, , happened to be the first profitable year of the company, but the stock was languishing at 31 cents. The country now, he underlines, has the power of having a bigger enterprise than what he has built in the US.
Ebix has over 11, employees in India. The strategy to do so is simple: Overwhelming domination. Payment solutions , one of the four pillars of EbixCash, has three components: International remittances, which is money coming into India; then there is foreign exchange and the card business.
The thumping domination was acquired. Raina snapped up the number one, number three and number four companies in the pecking order— Centrum , Weizmann and Essel Forex. In bus exchange technology, 14 state roadways do business with the company.
Over 38, buses in Maharashtra use the tech provided by Raina. But so is the stratospheric story of the man behind it. In the first year, he emerged as the second best sales person in the organisation by clocking a hardware sales of Rs 31 crore. People started taking note. A year later, Raina moved to Delhi. The best salesman was from Delhi and Raina wanted to work under the man who trained the winner. Over two years, he not only topped the chart but got six promotions.
Seven years later, in October , when he joined Delphi as vice president, Raina kept galloping. In four months, he got promoted to senior vice president sales and marketing. In December , he became executive vice president and chief operating officer.
Next year, in August, he was appointed president, and a month later, promoted as chief executive officer. Back in India, Raina has stayed true to his billing. His home—call it a grand palace—in Greater Noida in Uttar Pradesh—looks like a wonderland. Sprawling lawns, a battery of security guards, and a bunch of swanky luxurious cars and bikes catch your eyes.
Enter inside and you will get dazzled by the majestic grandeur—big portraits hung on the imposing walls, a golden chair where Raina sits like a Maharaj, and pin-drop silence. Built in the form of a palace, a car is safely perched on the roof once one enters the office. Glass stairs, a movie theatre, expansive gym, and a confluence of blue and white lights make the ambience look ultra-rich.
Offering another cup of steaming masala tea, Raina gets back to business. Over the last few decades, Raina has religiously followed three thumb rules of doing business. First is fiscal discipline; then comes posting consistent profits, and the last is growing aggressively. Insight: Home sellers see smaller profits in Q3 as price gains moderate October 24, Katherine Feser Home sellers see smaller profits in Q3 as price gains moderate Houston sellers saw a 2-percentage point decline in profit in the third quarter.
Biden said fuel prices should more closely follow oil. October 20, Amanda Drane Yes, oil is the key ingredient in gasoline and diesel, and therefore a key component of fuel costs, but there's more to the picture. Biden said refiners are reaping profits at the expense of American May in photos: Dusty Baker's th win, Uvalde and more June 2, Photographers from the Houston Chronicle captured some incredible images in May.
|Btc wallet address coins ph||He called up Kola—the managing director at Kalaari Capital was one of the backers of Via—at 3. In Decemberhe became executive vice president and chief operating officer. Three years later,happened to be the first profitable year of the company, but the stock was languishing at 31 cents. October 20, Amanda Drane Yes, oil is the key ingredient in gasoline and diesel, and therefore a key component of fuel costs, but there's more to the picture. The best salesman was from Weizmann forex noida news and Raina wanted to work under the man who trained the winner.|
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|Best forex traders 2022 nfl||In the first year, he emerged as the second best sales person in the weizmann forex noida news by clocking a hardware sales of Rs 31 crore. Three years later,happened to be the first profitable year of the company, but the stock was languishing at 31 cents. In bus exchange technology, 14 state roadways do business with the company. Tomlinson: More transmission lines could carry clean energy through Texas. Raina could not afford to let go any interesting buyout opportunity in India. Till then, the US company had been making losses for 23 years.|
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Through its various SaaS-based software platforms, Ebix employs thousands of domain-specific technology professionals to provide products, support and consultancy to thousands of customers on six continents. The information contained in this Press Release contains forward-looking statements and information within the "safe harbor" provisions of the Private Securities Litigation Reform Act of , Section 27A of the Securities Act of , and Section 21E of the Securities Exchange Act of This information includes assumptions made by, and information currently available to management, including statements regarding future economic performance and financial condition, liquidity and capital resources, acceptance of the Company's products by the market, and management's plans and objectives.
In addition, certain statements included in this and our future filings with the Securities and Exchange Commission "SEC" , in press releases, and in oral and written statements made by us or with our approval, which are not statements of historical fact, are forward-looking statements.
Words such as "may," "could," "should," "would," "believe," "expect," "anticipate," "estimate," "intend," "seeks," "plan," "project," "continue," "predict," "will," "should," and other words or expressions of similar meaning are intended by the Company to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are found at various places throughout this report and in the documents incorporated herein by reference.
These statements are based on our current expectations about future events or results and information that is currently available to us, involve assumptions, risks, and uncertainties, and speak only as of the date on which such statements are made. Our actual results may differ materially from those expressed or implied in these forward-looking statements.
Except as expressly required by the federal securities laws, the Company undertakes no obligation to update any such factors, or to publicly announce the results of, or changes to any of the forward-looking statements contained herein to reflect future events, developments, changed circumstances, or for any other reason. Readers should carefully review the disclosures and the risk factors described in the documents we file from time to time with the SEC, including future reports on Forms Q and 8-K, and any amendments thereto.
EbixCash through its travel portal Via. The Company is also in the process of initiating contracts with a number of international airports outside India in countries like UAE. The addition of Weizmann expands the EbixCash Financial Exchange footprint from , physical distribution outlets to , outlets country-wide. EbixCash is a leading provider of Gift cards, with over co-partner brands across all major categories. EbixCash is a leading payment exchange enabling consumer payments for large utility providers.
We are excited to bring this vast network into the EbixCash Financial exchange network. The synergies between Weizmann and EbixCash were compelling making this a natural decision for us. However, every business must continue to evolve to be relevant and we are proud to associate with Ebix and leverage our synergies to help the business continue to grow and innovate.
We look forward to a fruitful future with Ebix. EbixCash, through its travel portal Via. For further details, visit www. Weizmann has the largest market share in education related student remittances out of India. Weizmann also deals in all major destination currencies and is one of the leading aggregators of physical foreign currency notes across India.
The Company has a partnership with 41 leading public sector and private banks in the country. The information contained in this Press Release contains forward-looking statements and information within the "safe harbor" provisions of the Private Securities Litigation Reform Act of , Section 27A of the Securities Act of , and Section 21E of the Securities Exchange Act of